The Surf Report

[Bitstream]

Quote from marketsurfer:

yes, i am holding. stops @ 49 even. a bit early, still confident.

surf

bears tried to take control over the oils some time ago, but they seized it completely once it broke 55. i think it would be wise to exit now or at the next bounce, then re-exam, revalue and eventually re-enter. i cant see why anyone would long the oils right now and that's cuz there aint nobody long but u.

if it bounces it will a dead cat bounce imo; i dont understand the reasoning behind this trade.

 

[marketsurfer]

thanks, bitstream. your insight is always welcome.

we are absorbing some heat here on the oil long, however maintaining confidence and holding. nothing has changed in analysis, entry simply early as is par lately unfortunately!

after getting whipsawed to losses in EUR.USD. currently LONG the pair, short dollar @ 1.2937. word is 1.3000 is likely soon.

regards,surf

 

[marketsurfer]

SURF ALERT:

Enveloping price in YM here---- Long @ 12650 short @ 12640 will enter upon ask hitting figure.

death channel 12650--12640 flat in the middle.

regards,

surfer

 

[marketsurfer]

all right! snapped some quickies from the YM. Closing longs here @ 12663--going FLAT.

surf

 

[marketsurfer]

Here's a very enlightening video from professor Francis X Diebold on volatility. Highly reccomended \---good stuff!

http://video.google.com/videoplay?docid=-5001142862056244558&q=victor+niederhoffer

surf

 

[marketsurfer]

Greetings,

Continuing to hold the EUR/USD pair long here, expecting plus 1.3000 soon.

Holding QM oil trade long, expecting plus 60.

regards,

surf

 

[Lights]

surf, do you rollover contracts on termination? or do you buy them way back.

Quote from marketsurfer:

Greetings,

Continuing to hold the EUR/USD pair long here, expecting plus 1.3000 soon.

Holding QM oil trade long, expecting plus 60.

regards,

surf

 

[marketsurfer]

Quote from Lights:

surf, do you rollover contracts on termination? or do you buy them way back.

Roll over, generally.

regards,

surf

 

[marketsurfer]

Several days prior to the March 2000 Nasdaq top, I saw a Nun driving a late model Bentley on Lancaster Avenue in Villanova, PA. Strange sight to say the least! I saw what appeared to be the same Nun in the same Bentley today---Is this foreshadowing the cultural excesses indicative of a short term top or merely coincidental?? Time will tell.....

Regards,
surf

 

[ProfLogic]

Quote from marketsurfer:

Several days prior to the March 2000 Nasdaq top, I saw a Nun driving a late model Bentley on Lancaster Avenue in Villanova, PA. Strange sight to say the least! I saw what appeared to be the same Nun in the same Bentley today---Is this foreshadowing the cultural excesses indicative of a short term top or merely coincidental?? Time will tell.....

Regards,
surf

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